Bitcoin miners now make just $500 per BTC as costs surge past $70k
Wall Street is pouring billions into public Bitcoin mining companies, but the investment thesis has little to do with the emerging industry's future.
Instead, the financial institutions are treating t...
FedNow Pushes FEMA Disaster Aid From Days to Seconds
In the wake of natural disasters, the speed of financial recovery is often as critical as the initial emergency response. Historically, victims of hurricanes, wildfires, and floods have had to wait da...
Netflix buys Ben Affleck’s AI filmmaking startup
InterPositive, a stealth company Affleck founded in 2022 and never publicly acknowledged, builds post-production AI tools trained on real footage rather than text prompts. Netflix is acquiring it just...
Costco Digital Innovations Fuel 22.6% Online Growth
Costco is seeing measurable benefits from its latest digital initiatives both in-store and online, Costco President, CEO and Director Ron Vachris said Thursday (March 5).
“In digital, we ...
Revolut Files for US Bank Charter, Names Duransoy as US CEO
Revolut, the London-based global FinTech with 70 million customers, took its most decisive step yet into the American market Thursday (March 5), filing for a national bank charter with the U.S. Office...
Anthropic Steals the Limelight at Morgan Stanley’s Tech Conference
I’ve spent the last week talking to people who are in town for Morgan Stanley’s annual technology, media and telecom conference at the Palace Hotel this week. Even before the fireworks last week b...